Insider Selling: Chewy, Inc. (NYSE:CHWY) CEO Sells 4,000 Shares of Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $37.52, for a total value of $150,080.00. Following the completion of the transaction, the chief executive officer now owns 518,581 shares of the company’s stock, valued at $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sumit Singh also recently made the following trade(s):

• On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The shares were sold at an average price of $37.70, for a total value of $4,302,701.00.
• On Monday, January 6th, Sumit Singh sold 63,187 shares of Chewy stock. The shares were sold at an average price of $37.62, for a total value of $2,377,094.94.
• On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28.
• On Thursday, December 26th, Sumit Singh sold 571,903 shares of Chewy stock. The shares were sold at an average price of $34.52, for a total value of $19,742,091.56.
• On Tuesday, December 24th, Sumit Singh sold 71,161 shares of Chewy stock. The shares were sold at an average price of $35.00, for a total value of $2,490,635.00.
• On Thursday, December 19th, Sumit Singh sold 71,161 shares of Chewy stock. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50.

Chewy Stock Performance

Shares of NYSE CHWY opened at $37.99 on Friday. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The stock has a market capitalization of $15.47 billion, a P/E ratio of 41.75, a PEG ratio of 4.16 and a beta of 1.10. The stock’s fifty day moving average is $34.22 and its 200 day moving average is $29.89.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. Equities research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Institutional Trading of Chewy

Several large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after buying an additional 301 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Chewy by 0.3% during the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after purchasing an additional 923 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Chewy by 10.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CHWY shares. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley increased their price target on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. Citigroup upgraded Chewy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $40.00 in a research report on Friday, November 8th. Finally, Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.